Additional multipliers for England
3Application of multipliers
section 3 1 (1)The Local Government Finance Act 1988 is amended as follows.
section 3 2 (2)In Schedule 4ZA (chargeable amount for occupied hereditaments), in paragraph 10 (interpretation)—
section 3 2 a (a)in sub-paragraph (9)(a), for “whichever of B or D is” substitute “the multiplier”;
section 3 2 b (b)after sub-paragraph (9A) insert—
p00360 “(9B)Regulations under sub-paragraph (9) may prescribe—
(a)B or D,
(b)in relation to a hereditament for a chargeable day for which the value of A is £500,000 or more, a higher multiplier for the financial year calculated in accordance with regulations under paragraph A6A(1)(a) or 9B(1)(a)(i) of Schedule 7, or
(c)in relation to a qualifying retail, hospitality or leisure hereditament, a lower multiplier for the financial year calculated in accordance with regulations under paragraph A6A(1)(b) or 9B(1)(a)(ii) of that Schedule.
(9C)In sub-paragraph (9B), “qualifying retail, hospitality or leisure hereditament” has such meaning as may be prescribed by the Treasury in regulations.”;
section 3 2 c (c)in sub-paragraph (10) after paragraph (e) insert—
“(ea)the description of hereditaments in the local non-domestic rating list in which they are shown;”.
section 3 3 (3)In Schedule 4ZB (chargeable amount for unoccupied hereditaments), in paragraph 3 (interpretation)—
section 3 3 a (a)in sub-paragraph (6)(a), for “whichever of B or D is” substitute “the multiplier”;
section 3 3 b (b)after sub-paragraph (6) insert—
p00433 “(6A)Regulations under sub-paragraph (6) may prescribe—
(a)B or D,
(b)in relation to a hereditament for a chargeable day for which the value of A is £500,000 or more, a higher multiplier for the financial year calculated in accordance with regulations under paragraph A6A(1)(a) or 9B(1)(a)(i) of Schedule 7, or
(c)in relation to a qualifying retail, hospitality or leisure hereditament, a lower multiplier for the financial year calculated in accordance with regulations under paragraph A6A(1)(b) or 9B(1)(a)(ii) of that Schedule.
(6B)In sub-paragraph (6A), “qualifying retail, hospitality or leisure hereditament” has such meaning as may be prescribed by the Treasury in regulations.”;
section 3 3 c (c)in sub-paragraph (7) after paragraph (e) insert—
“(ea)the description of hereditaments in the local non-domestic rating list in which they are shown;”.
section 3 4 (4)In Schedule 5A (chargeable amount for central rating), in paragraph 6 (interpretation)—
section 3 4 a (a)in sub-paragraph (8)(a), for “whichever of B or D is” substitute “the multiplier”;
section 3 4 b (b)after sub-paragraph (8) insert—
p00506 “(8A)Regulations under sub-paragraph (8) may prescribe—
(a)B or D,
(b)in relation to a hereditament for a chargeable day for which the value of A is £500,000 or more, a higher multiplier for the financial year calculated in accordance with regulations under paragraph A6A(1)(a) of Schedule 7, or
(c)in relation to a qualifying retail, hospitality or leisure hereditament, a lower multiplier for the financial year calculated in accordance with regulations under paragraph A6A(1)(b) of that Schedule.
(8B)In sub-paragraph (8A), “qualifying retail, hospitality or leisure hereditament” has such meaning as may be prescribed by the Treasury in regulations.”;
section 3 4 c (c)in sub-paragraph (9) after paragraph (e) insert—
“(ea)the description of hereditaments in the local non-domestic rating list in which they are shown;”.